Google exec Sergey Brin urges caution over future of AI April 28, 2018 One of Google’s top execs and president of Alphabet Sergey Brin has raised concerns about the AI revolution in a letter to Alphabet’s shareholders. In his annual letter sent to shareholders of Google umbrella organisation Alphabet yesterday, Brin said that “new questions and responsibilities” had been raised about the potential of AI. It comes after [...]
AI could cause a nuclear war by 2040, according to security think tank Rand April 25, 2018 A nuclear war that threatens to wipe out humanity could be brought about by artificial intelligence (AI) as early as 2040, according to security experts. The Rand corporation, a not for profit security think tank based in the US, warned that computers by “mistake or malice” could lead to mankind’s untimely end. It argues in [...]
London law firms say Brexit will have no significant impact on profitability or employment levels April 24, 2018 More than 90 per cent of London’s 100 largest law firms think that Brexit will have no significant impact on their profitability or staffing levels. Research by real estate business CBRE showed that 98 per cent of firms thought that Brexit would have no significant effect on employment levels while 95 per cent of firms [...]
How is the PR industry adapting to the march of artificial intelligence? April 23, 2018 With the House of Lords having reported in the opportunities and threats posed by artificial intelligence (AI), I have asked what my sector – the PR industry – is doing in anticipation of AI’s rise. Are the machines really coming for our jobs or will AI free us up from our time-consuming tasks so we [...]
BenevolentAI founder allays fears of a robot takeover as the Woodford-backed firm reels in $115m April 19, 2018 The founder of artificial intelligence (AI) startup BenevolentAI believes robots will be able to exist in a symbiotic relationship with humans, refuting the idea that they will replace all jobs. Speaking to City A.M., Ken Mulvany said AI will “multiply the power of our intellect” in the same way the steam engine multiplied our physical [...]
Labour and the City of London: What the party would offer the financial services industry April 19, 2018 From the meetings and conversations I’ve had in the last two-and-a-half years with people from across the finance sector, from different organisations and with different responsibilities, there has been a consistent message. People want to know where they stand. They want to know where we as a Labour Party are coming from, what we in [...]
DEBATE: Is it possible to create ethical AI? April 17, 2018 Is it possible to create ethical AI? Emma Kendrew, artificial intelligence lead at Accenture Technology UKI, says YES. Yes, we can create ethical artificial intelligence (AI). But you must acknowledge that you can’t create AI one day, and have a fully matured ethical framework the next. AI needs to be nurtured in the same way [...]
Hedge funds’ “star traders” are being booted out of the limelight in favour of data-driven strategies and artificial intelligence April 16, 2018 The hedge fund industry is at an “inflection point”, according to titans in the sector, which could see the idea of “star managers” take a back seat to artificial intelligence (AI) and data-driven strategies. Efficiency in markets and the wider availability of financial data has helped make it harder for hedge funds to produce returns [...]
Blockchain energy trading: London startup Verv has performed the UK’s first energy trade on the blockchain April 13, 2018 A London-based machine learning startup has completed the UK’s first physical trade of energy on the blockchain. Verv uses artificial intelligence (AI) to allow customers with renewable energy supplies and battery storage to sell surplus power directly to their neighbours. The firm is currently conducting a trial at Hackney’s Banister House Estate with hopes of [...]
UK venture capital investment slumps in Q1, though London fintech is still on top April 11, 2018 Venture capital (VC) investment has slowed considerably in the first quarter of 2018, according to a new study from advisory firm KPMG. VC investment in the first three months of the year rose just above $1bn (£705m), well short of the $2.8bn invested in the fourth quarter of 2017. The dip follows a blockbuster 2017, [...]